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Ex-Goldman Trader Found Liable on 6 of 7 Counts in SEC Case

wochit news
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August 01, 2013 AT 4:23 PM
A New York City jury has found that a former Goldman Sachs trader Fabrice Tourre is liable in a massive mortgage securities fraud case. Tourre was found liable in six of seven SEC fraud claims. He faces potential fines and a possible ban from the financial industry. The exact punishment will be determined at a future proceeding.